Figure Payroll Taxes is the process of calculating, withholding, and remitting taxes owed by your employees. This includes both federal and state income taxes, as well as Social Security, Medicare, and any other applicable taxes. As a business owner, you are responsible for accurately determining the amount of taxes owed from each employee’s paychecks, in order to ensure compliance with all applicable laws. Failure to comply can lead to fines and penalties, so it’s important to stay informed and up-to-date with the latest regulations. Fortunately, there are many resources available to help you figure payroll taxes properly – so you can rest assured that your business is running smoothly.